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https://ogletree.com/insights/401k-plan-sponsors-do-you-need-to-start-tracking-hours-for-your-part-time-employees/#:~:text=Generally%20speaking%2C%20a%20401%20%28k%29%20plan%20cannot%20exclude,commencing%20on%20the%20employee%E2%80%99s%20first%20day%20of%20employment.
https://www.irs.gov/retirement-plans/plan-sponsor/401k-plan-qualification-requirements
401(k) plan qualification rules. General plan qualification rules can be found in: ... plan may require 2 years of service for eligibility to receive an employer contribution if the plan provides that after not more than 2 years of service the participant is 100% vested in all plan account balances. ... If a distribution in excess of $1,000 is ...
https://www.forusall.com/401k-blog/401k-eligibility/
As with simply enrolling into the plan, employers may set minimum age or service requirements that must be met before an employee is eligible to receive employer contributions. The maximum allowed age requirement is 21 years old. The maximum allowed service requirement is 1 year or 1 year with 1000 hours worked.
https://www.huschblackwell.com/newsandinsights/secure-act-new-part-time-eligibility-rules-for-401k-plans
No. 401 (k) plans must now have dual eligibility requirements. An employee can become eligible for the plan by fulfilling either: (a) the one year of service requirement (1,000 hours of service in one year), or (b) the three years of service requirement (at least 500 hours of service for three consecutive years).
https://www.employeefiduciary.com/blog/401k-eligibility-when-to-let-employees-join-your-401k-plan
Only time of employment is important. Hours worked is irrelevant. Counting hours method - Employees must work a specified number of hours during the Eligibility Computation Period (ECP). An ECP can’t exceed 12 months or require more than 1,000 hours of service. The initial ECP commences on the employee’s hire date.
https://www.lttrust.com/blog/401k-plan-eligibility
401 (k) Plan Eligibility. In designing your 401 (k) Plan’s eligibility requirements, you have many choices. You can institute a minimum age requirement up to age 21. You can institute an hours of service requirement up to 1,000 hours in their first 12-month period. You can do a combination of both.
https://www.dwc401k.com/hubfs/Printable%20Articles/QOTW%20-%2011.19.2019%20-%20Are%20Rehires%20Immediately%20Eligible%20for%20our%20401k%20Plan%20-%20Plan%20Design.pdf
service (generally 1,000 hours within 12 months) following rehire date. Once completed, all pre-termination service is reinstated retroactively of her rehire date. Suffice it to say that the prospect of retroactive service crediting and eligibility creates more than a few compliance challenges.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-eligibility-and-participation
Retirement Topics - Eligibility and Participation. In general, employees must be in their employer's qualified plan (for example, profit-sharing, 401 (k) or defined benefit plan) if they are: At least age 21 and. Have at least 1 year of service. a plan other than a 401 (k) plan can require an employee to accrue 2 years of service, but if it does, then the employee is …
https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/faqs/retirement-plans-and-erisa-for-workers.pdf
Part-time employees may be eligible if they work at least 1,000 hours per year, which is about 20 hours per week. So if you work part-time, find out if you are covered.
https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/partimebenefits.aspx
Employees who have completed 1,000 hours of service in a 12-month period are eligible to participate in any retirement plan that is offered to other employees.
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